Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Thermo Fisher Scientific Inc. shares valued at $5,518,285 were purchased by CASPER MARC N on Oct 30 ’24. At $551.83 per share, CASPER MARC N acquired 10,000 shares.
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Also, CASPER MARC N sold 10,000 shares, netting a total of over 5,542,910 in proceeds. Following the sale of shares at $554.29 each, the insider now holds 121,192 shares.
Before that, CASPER MARC N had sold 10,000 shares from its account. In a trade valued at $5,506,213, the Chairman & CEO traded Thermo Fisher Scientific Inc. shares for $550.62 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $66.73 million.
As published in their initiating research note from Redburn Atlantic on October 14, 2024, Thermo Fisher Scientific Inc. [TMO] has been a Buy. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early October. As of August 28, 2024, Wells Fargo has initiated its “an Overweight” rating for TMO.
Analyzing TMO Stock Performance
During the last five days, there has been a drop of approximately -4.49%. Over the course of the year, Thermo Fisher Scientific Inc. shares have jumped approximately 3.74%. Shares of the company reached a 52-week high of $627.88 on 09/10/24 and a 52-week low of $527.32 on 01/04/24. A 50-day SMA is recorded $601.42, while a 200-day SMA reached $578.66. Nevertheless, trading volume fell to 1.31 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Thermo Fisher Scientific Inc. (TMO)
According to the 24-hour chart, there is a support level at 546.67, which, if violated, would cause prices to drop to 542.71. In the upper region, resistance lies at 554.66. The next price resistance is at 558.70. RSI (Relative Strength Index) is 27.42 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -29.31, which suggests the price will decrease in the coming days. Percent R is at 93.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
